Mark W. Watson

Princeton University - Princeton School of Public and International Affairs

Princeton University

Princeton, NJ 08544-1021

United States

National Bureau of Economic Research (NBER)

1050 Massachusetts Avenue

Cambridge, MA 02138

United States

SCHOLARLY PAPERS

55

DOWNLOADS
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Top 9,396

in Total Papers Downloads

7,189

SSRN CITATIONS
Rank 103

SSRN RANKINGS

Top 103

in Total Papers Citations

1,106

CROSSREF CITATIONS

3,997

Scholarly Papers (55)

1.

Bubbles, Rational Expectations and Financial Markets

NBER Working Paper No. w0945
Number of pages: 30 Posted: 27 Apr 2000 Last Revised: 03 Aug 2022
National Bureau of Economic Research (NBER)Peterson Institute for International Economics and Princeton University - Princeton School of Public and International Affairs
Downloads 1,401 (19,641)
Citation 25

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2.

How Did Leading Indicator Forecasts Perform during the 2001 Recession?

FRB Richmond Economic Quarterly, Vol. 89, No. 3, Summer 2003, pp. 71-90
Number of pages: 20 Posted: 05 Dec 2012
James H. Stock and Mark W. Watson
Harvard University - Department of Economics and Princeton University - Princeton School of Public and International Affairs
Downloads 757 (47,212)
Citation 1

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3.

New Indexes of Coincident and Leading Economic Indicators

Number of pages: 44 Posted: 19 Jun 2004
James H. Stock and Mark W. Watson
Harvard University - Department of Economics and Princeton University - Princeton School of Public and International Affairs
Downloads 691 (53,307)
Citation 36

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4.

Financial Conditions Indexes: A Fresh Look after the Financial Crisis

NBER Working Paper No. w16150
Number of pages: 58 Posted: 07 Jul 2010 Last Revised: 17 Feb 2022
Goldman Sachs, Deutsche Bank Securities, Inc. - Global Markets Research, Economy, Columbia University - Columbia Business School, Finance, New York University - Stern School of Business - Department of Economics and Princeton University - Princeton School of Public and International Affairs
Downloads 273 (157,075)
Citation 10

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5.

Forecasting Inflation

NBER Working Paper No. w7023
Number of pages: 46 Posted: 13 Apr 1999 Last Revised: 12 Mar 2022
James H. Stock and Mark W. Watson
Harvard University - Department of Economics and Princeton University - Princeton School of Public and International Affairs
Downloads 267 (160,613)
Citation 49

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6.

Business Cycle Fluctuations in U.S. Macroeconomic Time Series

NBER Working Paper No. w6528
Number of pages: 83 Posted: 24 Jul 2000 Last Revised: 05 May 2022
James H. Stock and Mark W. Watson
Harvard University - Department of Economics and Princeton University - Princeton School of Public and International Affairs
Downloads 229 (186,450)
Citation 10

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7.

Diffusion Indexes

NBER Working Paper No. w6702
Number of pages: 67 Posted: 08 Aug 2000 Last Revised: 25 Apr 2022
James H. Stock and Mark W. Watson
Harvard University - Department of Economics and Princeton University - Princeton School of Public and International Affairs
Downloads 205 (206,917)

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8.

Implications of Dynamic Factor Models for VAR Analysis

NBER Working Paper No. w11467
Number of pages: 67 Posted: 08 Aug 2005 Last Revised: 02 May 2022
James H. Stock and Mark W. Watson
Harvard University - Department of Economics and Princeton University - Princeton School of Public and International Affairs
Downloads 190 (221,461)
Citation 15

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9.

A Procedure for Predicting Recessions with Leading Indicators: Econometric Issues and Recent Experience

NBER Working Paper No. w4014
Number of pages: 81 Posted: 02 Feb 2001 Last Revised: 22 Dec 2021
James H. Stock and Mark W. Watson
Harvard University - Department of Economics and Princeton University - Princeton School of Public and International Affairs
Downloads 188 (223,483)
Citation 2

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10.

Has the Business Cycle Changed and Why?

NBER Working Paper No. w9127
Number of pages: 80 Posted: 30 Aug 2002 Last Revised: 11 Jun 2022
James H. Stock and Mark W. Watson
Harvard University - Department of Economics and Princeton University - Princeton School of Public and International Affairs
Downloads 186 (225,521)
Citation 17

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A Comparison of Direct and Iterated Multistep Ar Methods for Forecasting Macroeconomic Time Series

IGIER Working Paper No. 285
Number of pages: 31 Posted: 13 Apr 2005
Bocconi University - Department of Economics, Harvard University - Department of Economics and Princeton University - Princeton School of Public and International Affairs
Downloads 161 (255,544)
Citation 21

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Multistep forecasts, VAR forecasts, forecast comparisons

A Comparison of Direct and Iterated Multistep Ar Methods for Forecasting Macroeconomic Time Series

CEPR Discussion Paper No. 4976
Number of pages: 32 Posted: 01 Aug 2005
Bocconi University - Department of Economics, Harvard University - Department of Economics and Princeton University - Princeton School of Public and International Affairs
Downloads 15 (769,893)
Citation 22
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Multistep forecasts, VAR forecasts, forecast comparisons

12.
Downloads 169 (244,780)
Citation 27

Testing Long-Run Neutrality

FRB Richmond Economic Quarterly, Vol. 83, No. 3, Summer 1997, pp. 69-101
Number of pages: 33 Posted: 19 Nov 2012
Robert G. King and Mark W. Watson
Boston University - Department of Economics and Princeton University - Princeton School of Public and International Affairs
Downloads 98 (370,226)
Citation 5

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Testing Long Run Neutrality

NBER Working Paper No. w4156
Number of pages: 42 Posted: 04 Jul 2004 Last Revised: 12 May 2022
Robert G. King and Mark W. Watson
Boston University - Department of Economics and Princeton University - Princeton School of Public and International Affairs
Downloads 71 (449,372)

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13.

Phillips Curve Inflation Forecasts

NBER Working Paper No. w14322
Number of pages: 84 Posted: 15 Sep 2008 Last Revised: 19 Feb 2022
James H. Stock and Mark W. Watson
Harvard University - Department of Economics and Princeton University - Princeton School of Public and International Affairs
Downloads 159 (257,775)
Citation 11

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14.

A Probability Model of the Coincident Economic Indicators

NBER Working Paper No. w2772
Number of pages: 41 Posted: 09 Mar 2004 Last Revised: 31 Jul 2022
James H. Stock and Mark W. Watson
Harvard University - Department of Economics and Princeton University - Princeton School of Public and International Affairs
Downloads 158 (259,072)
Citation 10

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15.

Forecasting Output and Inflation: The Role of Asset Prices

NBER Working Paper No. w8180
Number of pages: 112 Posted: 24 Mar 2001 Last Revised: 09 May 2022
James H. Stock and Mark W. Watson
Harvard University - Department of Economics and Princeton University - Princeton School of Public and International Affairs
Downloads 136 (291,761)
Citation 59

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16.

A Comparison of Linear and Nonlinear Univariate Models for Forecasting Macroeconomic Time Series

NBER Working Paper No. w6607
Number of pages: 60 Posted: 05 Jul 2000 Last Revised: 23 Jul 2022
James H. Stock and Mark W. Watson
Harvard University - Department of Economics and Princeton University - Princeton School of Public and International Affairs
Downloads 120 (320,197)
Citation 1

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17.

Why Has U.S. Inflation Become Harder to Forecast?

NBER Working Paper No. w12324
Number of pages: 64 Posted: 14 Jul 2006 Last Revised: 06 Mar 2022
James H. Stock and Mark W. Watson
Harvard University - Department of Economics and Princeton University - Princeton School of Public and International Affairs
Downloads 119 (322,075)
Citation 97

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18.

Interpreting Evidence on Money-Income Causality

NBER Working Paper No. w2228
Number of pages: 37 Posted: 13 Feb 2007 Last Revised: 05 Aug 2022
James H. Stock and Mark W. Watson
Harvard University - Department of Economics and Princeton University - Princeton School of Public and International Affairs
Downloads 95 (374,526)
Citation 6

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19.

Stochastic Trends and Economic Fluctuations

NBER Working Paper No. w2229
Number of pages: 60 Posted: 04 Jul 2004 Last Revised: 06 Aug 2022
Boston University - Department of Economics, Federal Reserve Bank of Philadelphia, Harvard University - Department of Economics and Princeton University - Princeton School of Public and International Affairs
Downloads 93 (379,646)
Citation 19

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20.

Heteroskedasticity-Robust Standard Errors for Fixed Effects Panel Data Regression

NBER Working Paper No. t0323
Number of pages: 27 Posted: 29 Jun 2006 Last Revised: 22 May 2022
James H. Stock and Mark W. Watson
Harvard University - Department of Economics and Princeton University - Princeton School of Public and International Affairs
Downloads 85 (401,017)
Citation 15

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21.

Are Business Cycles All Alike?

NBER Working Paper No. w1392
Number of pages: 56 Posted: 04 Apr 2004 Last Revised: 23 Apr 2022
National Bureau of Economic Research (NBER)Peterson Institute for International Economics and Princeton University - Princeton School of Public and International Affairs
Downloads 83 (406,708)
Citation 8

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22.

Prices, Wages and the U.S. NAIRU in the 1990s

NBER Working Paper No. w8320
Number of pages: 87 Posted: 07 Jun 2001 Last Revised: 28 Mar 2021
Douglas Staiger, James H. Stock and Mark W. Watson
Dartmouth College - Department of Economics, Harvard University - Department of Economics and Princeton University - Princeton School of Public and International Affairs
Downloads 79 (418,468)
Citation 1

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23.

Disentangling the Channels of the 2007-2009 Recession

NBER Working Paper No. w18094
Number of pages: 55 Posted: 19 May 2012 Last Revised: 11 Jun 2022
James H. Stock and Mark W. Watson
Harvard University - Department of Economics and Princeton University - Princeton School of Public and International Affairs
Downloads 75 (430,939)
Citation 46

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24.

Presidents and the U.S. Economy: An Econometric Exploration

NBER Working Paper No. w20324
Number of pages: 66 Posted: 28 Jul 2014 Last Revised: 15 Jul 2022
Alan S. Blinder and Mark W. Watson
Princeton University - Department of Economics and Princeton University - Princeton School of Public and International Affairs
Downloads 72 (440,578)
Citation 14

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Sectoral vs. Aggregate Shocks: A Structural Factor Analysis of Industrial Production

NBER Working Paper No. w14389
Number of pages: 40 Posted: 10 Oct 2008 Last Revised: 27 Apr 2022
Federal Reserve Banks - Federal Reserve Bank of San Francisco, Federal Reserve Bank of Richmond and Princeton University - Princeton School of Public and International Affairs
Downloads 42 (574,161)

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Sectoral vs. Aggregate Shocks: A Structural Factor Analysis of Industrial Production

FRB Richmond Working Paper No. 08-07
Number of pages: 38 Posted: 11 Dec 2012
Federal Reserve Banks - Federal Reserve Bank of San Francisco, Federal Reserve Bank of Richmond and Princeton University - Princeton School of Public and International Affairs
Downloads 28 (660,743)
Citation 71

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input-output matrix, Great Moderation, approximate factor model

26.

Evidence on Structural Instability in Macroeconomic Time Series Relations

NBER Working Paper No. t0164
Number of pages: 45 Posted: 26 Aug 2000 Last Revised: 15 Jun 2022
James H. Stock and Mark W. Watson
Harvard University - Department of Economics and Princeton University - Princeton School of Public and International Affairs
Downloads 69 (450,696)
Citation 12

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27.

How Accurate are Real-Time Estimates of Output Trends and Gaps?

FRB Richmond Economic Quarterly, vol. 93, no. 2, Spring 2007, pp. 143-161
Number of pages: 19 Posted: 09 Dec 2012
Mark W. Watson
Princeton University - Princeton School of Public and International Affairs
Downloads 68 (454,117)
Citation 2

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28.

Understanding Changes in International Business Cycle Dynamics

NBER Working Paper No. w9859
Number of pages: 51 Posted: 23 Jul 2003 Last Revised: 11 Jun 2022
James H. Stock and Mark W. Watson
Harvard University - Department of Economics and Princeton University - Princeton School of Public and International Affairs
Downloads 67 (457,625)
Citation 12

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29.

Empirical Bayes Forecasts of One Time Series Using Many Predictors

NBER Working Paper No. t0269
Number of pages: 156 Posted: 23 Mar 2001 Last Revised: 28 Mar 2022
Thomas Knox, James H. Stock and Mark W. Watson
Harvard Business School, Harvard University - Department of Economics and Princeton University - Princeton School of Public and International Affairs
Downloads 58 (491,175)
Citation 14

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30.

How Precise are Estimates of the Natural Rate of Unemployment?

NBER Working Paper No. w5477
Number of pages: 58 Posted: 26 Jun 1998 Last Revised: 20 Jun 2022
Douglas Staiger, James H. Stock and Mark W. Watson
Dartmouth College - Department of Economics, Harvard University - Department of Economics and Princeton University - Princeton School of Public and International Affairs
Downloads 52 (515,803)

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31.

Modeling Inflation after the Crisis

NBER Working Paper No. w16488
Number of pages: 61 Posted: 25 Oct 2010 Last Revised: 22 Jul 2022
James H. Stock and Mark W. Watson
Harvard University - Department of Economics and Princeton University - Princeton School of Public and International Affairs
Downloads 51 (520,266)
Citation 11

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Relative Goods' Prices, Pure Inflation, and the Phillips Correlation

NBER Working Paper No. w13615
Number of pages: 60 Posted: 27 Nov 2007 Last Revised: 16 Mar 2022
Ricardo Reis and Mark W. Watson
London School of Economics & Political Science (LSE) and Princeton University - Princeton School of Public and International Affairs
Downloads 43 (568,835)

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Relative Goods' Prices and Pure Inflation

CEPR Discussion Paper No. DP6593
Number of pages: 40 Posted: 06 Jun 2008
Ricardo Reis and Mark W. Watson
London School of Economics & Political Science (LSE) and Princeton University - Princeton School of Public and International Affairs
Downloads 5 (874,764)
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Dynamic Factor Models, Inflation, Phillips relation, Relative prices

33.

The Disappointing Recovery of Output after 2009

NBER Working Paper No. w23543
Number of pages: 63 Posted: 26 Jun 2017 Last Revised: 01 May 2022
Federal Reserve Bank of San Francisco, Hoover Institution and Department of Economics, Stanford University, Harvard University - Department of Economics and Princeton University - Princeton School of Public and International Affairs
Downloads 47 (538,145)
Citation 27

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34.

Estimating Turning Points Using Large Data Sets

NBER Working Paper No. w16532
Number of pages: 47 Posted: 22 Nov 2010 Last Revised: 05 Mar 2022
James H. Stock and Mark W. Watson
Harvard University - Department of Economics and Princeton University - Princeton School of Public and International Affairs
Downloads 47 (538,145)
Citation 10

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35.

Asymptotically Median Unbiased Estimation of Coefficient Variance in a Time Varying Parameter Model

NBER Working Paper No. t0201
Number of pages: 33 Posted: 15 Jul 2000 Last Revised: 22 Jul 2022
James H. Stock and Mark W. Watson
Harvard University - Department of Economics and Princeton University - Princeton School of Public and International Affairs
Downloads 43 (557,477)
Citation 7

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36.

Business Cycle Properties of Selected U.S. Economic Time Series, 1959-1988

NBER Working Paper No. w3376
Number of pages: 110 Posted: 27 Apr 2000 Last Revised: 25 Mar 2022
James H. Stock and Mark W. Watson
Harvard University - Department of Economics and Princeton University - Princeton School of Public and International Affairs
Downloads 43 (557,477)
Citation 56

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37.

Business Cycle Durations and Postwar Stabilization of the U.S. Economy

NBER Working Paper No. w4005
Number of pages: 38 Posted: 29 Dec 2006 Last Revised: 13 Jun 2021
Mark W. Watson
Princeton University - Princeton School of Public and International Affairs
Downloads 38 (583,146)

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38.

Core Inflation and Trend Inflation

NBER Working Paper No. w21282
Number of pages: 37 Posted: 22 Jun 2015 Last Revised: 25 Feb 2022
James H. Stock and Mark W. Watson
Harvard University - Department of Economics and Princeton University - Princeton School of Public and International Affairs
Downloads 37 (588,624)
Citation 21

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39.

Explaining the Increased Variability in Long-Term Interest Rates

FRB Richmond Economic Quarterly, vol. 85, no. 4, Fall 1999, pp. 71-96
Number of pages: 26 Posted: 26 Nov 2012
Mark W. Watson
Princeton University - Princeton School of Public and International Affairs
Downloads 37 (588,624)
Citation 4

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40.

A Simple Mle of Cointegrating Vectors in Higher Order Integrated Systems

NBER Working Paper No. t0083
Number of pages: 31 Posted: 09 Mar 2004 Last Revised: 26 Mar 2022
James H. Stock and Mark W. Watson
Harvard University - Department of Economics and Princeton University - Princeton School of Public and International Affairs
Downloads 36 (594,198)
Citation 61

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41.

Slack and Cyclically Sensitive Inflation

NBER Working Paper No. w25987
Number of pages: 33 Posted: 26 Jun 2019 Last Revised: 04 Jul 2022
James H. Stock and Mark W. Watson
Harvard University - Department of Economics and Princeton University - Princeton School of Public and International Affairs
Downloads 35 (599,849)
Citation 14

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42.

Long-Run Covariability

NBER Working Paper No. w23186
Number of pages: 66 Posted: 21 Feb 2017 Last Revised: 09 May 2022
Ulrich K. Müller and Mark W. Watson
Princeton University - Department of Economics and Princeton University - Princeton School of Public and International Affairs
Downloads 35 (599,849)
Citation 6

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43.

Testing Models of Low-Frequency Variability

NBER Working Paper No. w12671
Number of pages: 53 Posted: 20 Nov 2006 Last Revised: 14 Feb 2022
Ulrich K. Müller and Mark W. Watson
Princeton University - Department of Economics and Princeton University - Princeton School of Public and International Affairs
Downloads 34 (605,592)
Citation 10

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44.

Testing for Cointegration When Some of the Contributing Vectors are Known

NBER Working Paper No. t0171
Number of pages: 40 Posted: 29 Jun 2000 Last Revised: 22 Jun 2022
Michael T. K. Horvath and Mark W. Watson
affiliation not provided to SSRN and Princeton University - Princeton School of Public and International Affairs
Downloads 33 (611,570)

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45.

Seasonal Adjustment with Measurement Error Present

NBER Working Paper No. w1133
Number of pages: 42 Posted: 29 Jun 2004 Last Revised: 06 Feb 2022
Jerry A. Hausman and Mark W. Watson
Massachusetts Institute of Technology (MIT) - Department of Economics and Princeton University - Princeton School of Public and International Affairs
Downloads 31 (623,639)

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46.

Sources of Business Cycle Fluctuations

NBER Working Paper No. w2589
Number of pages: 62 Posted: 02 Aug 2010 Last Revised: 31 Jul 2022
Matthew D. Shapiro and Mark W. Watson
University of Michigan at Ann Arbor - Department of Economics and Princeton University - Princeton School of Public and International Affairs
Downloads 30 (630,000)
Citation 7

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47.

Identification and Estimation of Dynamic Causal Effects in Macroeconomics Using External Instruments

NBER Working Paper No. w24216
Number of pages: 51 Posted: 22 Jan 2018 Last Revised: 03 Mar 2022
James H. Stock and Mark W. Watson
Harvard University - Department of Economics and Princeton University - Princeton School of Public and International Affairs
Downloads 28 (643,038)
Citation 82

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48.

Low-Frequency Econometrics

NBER Working Paper No. w21564
Number of pages: 47 Posted: 21 Sep 2015 Last Revised: 04 Jun 2022
Ulrich K. Müller and Mark W. Watson
Princeton University - Department of Economics and Princeton University - Princeton School of Public and International Affairs
Downloads 27 (649,811)
Citation 6

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49.

Estimating Deterministic Trends in the Presence of Serially Correlated Errors

NBER Working Paper No. t0165
Number of pages: 41 Posted: 26 Aug 2000 Last Revised: 16 Jun 2022
Eugene Canjels and Mark W. Watson
Deloitte Touche Tohmatsu - Washington, D.C. Office and Princeton University - Princeton School of Public and International Affairs
Downloads 27 (649,811)

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50.

Low-Frequency Robust Cointegration Testing

NBER Working Paper No. w15292
Number of pages: 50 Posted: 31 Aug 2009 Last Revised: 15 Apr 2022
Ulrich K. Müller and Mark W. Watson
Princeton University - Department of Economics and Princeton University - Princeton School of Public and International Affairs
Downloads 24 (671,387)

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51.

Measuring Uncertainty About Long-Run Prediction

NBER Working Paper No. w18870
Number of pages: 64 Posted: 09 Mar 2013 Last Revised: 23 Jan 2022
Ulrich K. Müller and Mark W. Watson
Princeton University - Department of Economics and Princeton University - Princeton School of Public and International Affairs
Downloads 17 (726,544)
Citation 3

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52.

Measures of Fit for Calibrated Models

NBER Working Paper No. t0102
Number of pages: 45 Posted: 27 Jun 2007 Last Revised: 14 Apr 2022
Mark W. Watson
Princeton University - Princeton School of Public and International Affairs
Downloads 17 (726,544)

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53.

Aggregate Implications of Changing Sectoral Trends

FRB Richmond Working Paper No. 19-11
Number of pages: 57 Posted: 31 May 2019 Last Revised: 01 Jun 2019
Federal Reserve Banks - Federal Reserve Bank of San Francisco, Federal Reserve Bank of Richmond, Federal Reserve Bank of Richmond and Princeton University - Princeton School of Public and International Affairs
Downloads 14 (752,629)
Citation 3

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trend growth, multisector models, production linkages

54.

An Econometric Model of International Long-Run Growth Dynamics

NBER Working Paper No. w26593
Number of pages: 50 Posted: 31 Dec 2019 Last Revised: 28 Feb 2022
Ulrich Müller, James H. Stock and Mark W. Watson
Princeton University, Harvard University - Department of Economics and Princeton University - Princeton School of Public and International Affairs
Downloads 10 (790,184)
Citation 2

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55.

Aggregate Implications of Changing Sectoral Trends

NBER Working Paper No. w25867
Number of pages: 55 Posted: 28 May 2019 Last Revised: 07 Mar 2021
Federal Reserve Banks - Federal Reserve Bank of San Francisco, Federal Reserve Bank of Richmond, Federal Reserve Bank of Richmond and Princeton University - Princeton School of Public and International Affairs
Downloads 10 (790,184)

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